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Have to admit that one of the things that annoys me is the fact that so many 'crafters' seem to think that it is OK to just sell stuff on the side. Apart from the fact that it is illegal it is also very frustrating for those of us who do it properly. I get sick of the comment "oh it's only a hobby" No it isn't if youare selling it is a business whether you like it or not!!!!!!!!

Pete

"Where the spirit does not work with the hand, there is no art" ... Leonardo Da Vinci Facebook

Another reply says he has been trading for a couple of years and hasn't recouped his setup costs yet so does he have to declare to HMRC................ DOH YES !!!!

I do much less crafting and selling than I used to but am still registered with HMRC and declare every bit of extra money I get from design fees, the odd fair etc even if my outgoings exceed my income. No brainer to try and dodge them and it's not as if it's difficult to send in your return. If you get bigger get an accountant, plenty around who should pay for themselves anyway.

Another reply says he has been trading for a couple of years and hasn't recouped his setup costs yet so does he have to declare to HMRC................ DOH YES !!!!

I do much less crafting and selling than I used to but am still registered with HMRC and declare every bit of extra money I get from design fees, the odd fair etc even if my outgoings exceed my income. No brainer to try and dodge them and it's not as if it's difficult to send in your return. If you get bigger get an accountant, plenty around who should pay for themselves anyway.

I have been registered with HMRC from long before I started selling my craft work. Since I ceased my full time paid employment I have received a refund on tax paid every single year (and not insignificant amounts either) because my annual income has been less than the personal allowance - even in the few years when I have actually had a slight profit on the craft sales over the year.

It has been of financial benefit to me to be registered with HMRC, and it takes much less than an hour to find the information needed and transfer it to the tax return each year.